Large Customizable Office/Retail
For Lease
Contact for pricing
4044 Penbrook St, Odessa, TX 79762
Customizable office/retail space in a thriving commercial corridor.
Property Size21,600 SF
Days on Market627
Property Features for 4044 Penbrook St
General Information
Standard status
Active
Size
21,600 SF
Property subtype
Retail, Office, Special Purpose
Building Details
Year Built
1983
Listing Agency:
CMS PROPERTIES
Listed By:
Roxxanne Ortiz · License #TX679567
Source:
Crexi
Added: Nov 11, 2024
Changed: Jul 10
Last Checked: Jul 30 at 12:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CMS PROPERTIES
Investment Insights
Based on property information with market context.
This customizable space offers potential for businesses seeking a location in a thriving commercial corridor. The property features over 7,000 square feet of space on the first floor and over 21,600 square feet on the second floor. Its location in Northwest Odessa, close to major retailers, services, and high-traffic areas, positions businesses for growth. The adaptable space provides an opportunity to tailor the environment to meet company needs. Customizable layout options, a prime location, and co-tenancy offer a chance for businesses to establish themselves in one of Odessa's active commercial districts. The property is suitable for both new and expanding businesses.
Key Highlights
- Large, customizable office space with over 7,000 sq. ft. on the 1st floor and over 21,600 sq ft on the 2nd floor.
- Strategic location in Northwest Odessa in a thriving commercial corridor.
- High visibility and adaptable space.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Market
Lease Benchmarks for Odessa, TX
$21.3 /SF/Yr
Avg Asking Price
$4.31–$60 /SF/Yr
Price Range
6,909 SF
Avg Space Size
This space is priced 6% below the average of $21.3 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Customizable office/retail space in a thriving commercial corridor.
Where is this office units located?
The property is located at 4044 Penbrook St Odessa, TX.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Large, customizable office space with over 7,000 sq. ft. on the 1st floor and over 21,600 sq ft on the 2nd floor.; Strategic location in Northwest Odessa in a thriving commercial corridor.; High visibility and adaptable space.
